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Rainy Mountain Royalty Corp V.RMO

Alternate Symbol(s):  RMNXF

Rainy Mountain Royalty Corp. is a Canada-based mineral exploration project generator. The Company is engaged in the acquisition and exploration of mineral resource properties. The Company’s focus is to acquire early-stage exploration opportunities and deliver them drill target ready to joint venture partners. The Company holds multiple property interests in Ontario and is primarily focused on shear hosted gold and base metals properties with associated gold and silver credits. The Company’s projects are Marshall Lake property, and Lake Brunswick Properties. Its other properties consist of the Clay/Powell and Norton Lake Properties. The Marshall Lake property is in the Thunder Bay Mining Division, Ontario. Its Brunswick Properties consist of 13-claim units located in Brunswick Twp., Ontario. It owns a 100% interest in claims located in the Thunder Bay Mining Division, Ontario. The Company holds a 30.21% interest in the Norton Lake Property.


TSXV:RMO - Post by User

Bullboard Posts
Post by TERRIBLEon Mar 27, 2012 6:38pm
189 Views
Post# 19725186

seagull property

seagull property

On the Seagull property [located approx 60 km northeast of Thunder Bay,Ont], the ratio of Platinum to Palladium is close to 1:1 [EWR Annual Report 2007] 

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current ownership:

40% Black Panther Mining

30% Trillium North Mineral

30% Rainy Mountain Royalty

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The property has been optioned to Minifocus International who have completed a 4 hole 1742 meter program [part of a larger 7 hole 2000 meter program extending beyond the property.]

[samlpes have been submitted for analysis].....TNM news rel March 26 2012

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and located about 50 km west of Seagull:

is North American Palladium's Lac-des-Isles producing  mine .

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A few km south of Seagull, the Australian company Magma Metals [MMW] has been busy exploring for PGE's.

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Some km to the northeast [on the east shore of Lake Nipigon] in the Beardmore area, the Eva Kitto property has been assigned to a private individual...re. news release Citation Resources ]

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Eva Kitto contains good sources of sulphur in basement rocks for the generation of massive silphide Ni-Cu-PGE deposits. [East West Resource's 2007 Annual Report]

 

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